15050 Southfield Rd Allen Park, MI 48101

This is an absolute NNN, corporate signed, drive-thru equipped, Krispy Kreme investment property located in Allen Park, MI (Detroit MSA). The tenant, Krispy Kreme Doughnut Corporation, recently exercised their second of four option periods, providing firm term through October 2028. The lease features CPI increases at the beginning of each option. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities. Krispy Kreme is strategically located along Southfield Road with visibility and access to 61,700 vehicles passing by daily. The asset benefits from nearby access onto State Highway 85 (42,600 VPD), Interstate 75 (104,500 VPD), and Interstate 94 (155,000 VPD). Krispy Kreme is situated within a dense retail trade area with many national/credit tenants including Kroger, The Home Depot, Target, ALDI, Meijer, and ACE Hardware. The property is near numerous single-family communities and multi-family complexes including The Cove at Allen Park (132 units), Park Plaza (200 units), and Gale Gardens (233 units). The 5-mile trade area is supported by over 288,200 residents and 117,000 daytime employees, with an average household income of $78,438. The property size is 4,488 square feet.